BYLD vs. WTBN ETF Comparison

Comparison of iShares Yield Optimized Bond ETF (BYLD) to WisdomTree Bianco Total Return Fund (WTBN)

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.57

Average Daily Volume

65,173

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

WTBN

WisdomTree Bianco Total Return Fund

WTBN Description

Under normal circumstances, the fund primarily invests in the constituent exchange-traded funds ("ETF") of the index. The index, created by Bianco Research Advisors LLC, is composed of approximately 5 to 20 fixed income ETFs that are specifically selected and weighted using a modified market-capitalization weighting scheme to achieve specified factor exposures.

Grade (RS Rating)

Last Trade

$25.34

Average Daily Volume

27,005

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BYLD	WTBN
30 Days	0.78%	0.65%
60 Days	-0.46%	-1.25%
90 Days	0.78%	-0.57%
12 Months	9.55%

0 Overlapping Holdings

	Symbol	Grade	Weight in BYLD	Weight in WTBN	Overlap

BYLD Overweight 6 Positions Relative to WTBN

	Symbol	Grade	Weight
	IGLB	D	25.4%
	SGOV	B	24.01%
	USHY	A	20.23%
	EMHY	A	10.2%
	FLOT	A	10.11%
	CMBS	D	9.95%

BYLD Underweight 10 Positions Relative to WTBN

	Symbol	Grade	Weight
	MBB	D	-26.83%
	IEF	D	-10.03%
	SCHQ	D	-10.01%
	STIP	B	-10.01%
	USDU	A	-9.97%
	VCIT	D	-8.01%
	VCLT	D	-5.14%
	LQDB	C	-5.0%
	IEI	D	-2.0%
	SCHO	C	-1.5%

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets Salomon Big Structured Finance

WTBN: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond ETF U.S. Treasury Bond Market Bond Market Indices Corporate Bond Government Bonds U.S. Government Exchange Traded Funds Merrill Lynch Yield Barclays Bear Market ETF Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association Fixed Income Freddie Mac